1212 E 10th StEriePA16503
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow1212 E 10th St, Erie, PA, 16503 in Erie is a solid income-producing rental, 12.02% gross yield, $1,302/mo rent, $450/mo net cash flow on a $130,000 buy. DSCR 2.23 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $35,917 and $1,197/yr in principal reduction project a total cumulative return of $78,485.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12% | 7.8% |
| Monthly Cash Flow | $450 | $450 |
City averages based on Erie market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,302 |
| Total Monthly Debt Service | $800 |
| DSCR Ratio | 1.63x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1883
4,251 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Multi Family
Built in 1883
4,251 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dan Cruz • Agresti Real Estate
Mls Name: GEMLS
Mls ID: #184252